What is Boxed Beef Market?
Boxed beef is the cut of beef which is put in boxes for shipping from a packing plant to retailers. It contains rounds, loins, ribs, chucks, etc., and sub primal cuts. These are intermediate cuts between the carcass and retail cuts. Beef contains high amount of protein, but also carbohydrates and fats. These nutritional values are increasing the consumption of beef which is fuelling the market growth.
The market study is being classified by Type (Rib, Loin, Chuck and Sirloin) and major geographies with country level break-up.
Tyson Foods Inc. (United States), JBS USA Holdings Inc. (United States), Cargill Meat Solutions Corp. (United States), OSI Group LLC (United States), Hormel Foods Corp. (United States), SYSCO Corp. (United States), Perdue Farms Inc. (United States), Koch Foods LLC (United States), Sanderson Farms Inc. (United States) and Keystone Foods LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Foster Farms (United States), Wayne Farms LLC (United States), Mountaire Farms Inc. (United States) and AdvancePierre Foods (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Boxed Beef market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Boxed Beef market by Type, Application and Region.
On the basis of geography, the market of Boxed Beef has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Consumption of Beef in Some Regions such as Americas
- Beef Being Complete Source of Protein is Fuelling the Market
Market Trend
- Increasing Popularity of Beef
Restraints
- Government Restrictions on Beef in Some Regions
Opportunities
- Growing Retail is Leading to Easy Availability of Beef
Challenges
- Over Consumption may Lead to Health Issues
Market Leaders and some development strategies
On February 2020, Hormel Foods Corporation which is a leading global branded food company, has announced that it has reached an agreement to acquire Texas-based Sadler’s Smokehouse. This acquisition provides another successful brand to expand into the retail and deli channels.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others